CenturyLink Inc. has reported a first-quarter profit of $200 million, or 32 cents pershare, down from $211 million, or 69 cents a share, a year earlier. Excluding integration and severance-related costs and other impacts, earnings fell to 39 cents from 76 cents. Operating revenue nearly tripled to $4.61 billion. However, operating expenses more than tripled to $3.96 billion, due primarily to operating costs associated with the acquisitions of Qwest Communications International Inc. and Savvis Inc. The company raised its full-year earnings view by 10 cents, now projecting adjusted earnings of $2.35 to $2.55 a share. It reaffirmed its full-year revenue targets. For the current quarter, CenturyLink sees adjusted per-share earnings of 59 cents to 64 cents and operating revenue of $4.55 billion to $4.6 billion. Analysts polled by Thomson Reuters most recently projected 59 cents and $4.58 billion, respectively.